Money can be a beautiful thing and at the same time it can be a nightmare.
With it, you can do so much, without it, you feel helpless.
You need money in your building and property development business to be able to acquire land and property. To be able to acquire equipment and machinery. To be able to acquire labour and resources. You also need to fund the project through to completion. Then, at the end of the project, you would definitely like to have some left over for yourself once it is all done. The more the better.
Without it, the project, no matter how big or small, will suffer and worse case, not even get off the ground.
Your money needs to be managed correctly, right from the beginning. If your business is not structured right so it suits your particular situation then you are destined to cost yourself money from day one. The wrong structure will mean that after all your hard work building and developing you will give up to half of your profits to the government and you’ll be left with the other half. I don’t think you want that to happen. Do you?
Worse still, without the right structure and foundation of your business (just like your building and property), all your personal assets will be at risk should something go wrong and that doesn’t mean that you have to have done something wrong either. Many unforeseen circumstances arise and you could be exposed and potentially lose it all. I don’t think you want that to happen. Do you?
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Tony has 33 years’ experience as an accountant, and 13 years’ experience as a CPA. His first 18 years’ experience involved financial, management and operational accounting roles at a senior management level, in the security, transport, and forensic accounting industries
https://adpartners.com.au/wp-content/uploads/2017/08/logo.png00Tony Dimitriadishttps://adpartners.com.au/wp-content/uploads/2017/08/logo.pngTony Dimitriadis2017-08-26 04:48:532019-05-15 08:52:09MONEY can be a beautiful thing...
Established in 2001, AD Partners is a boutique public practice Accountancy and Business Consulting firm situated in heart of Carlton, Melbourne.
We service all areas of Melbourne, and offer personalised service to business owners no matter how big or small.